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COSOL Limited (ASX:COS)

ALERT: Price-sensitive ASX Announcement for COS
Current share price for COS : $0.190 -0.045 (-19.15%)+
Announcement
Release
19 Aug 2026 7:56AM
Price at Release
$0.235
Full Release
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Summary
COSOL Limited's financial report for the year ending 30 June 2026 highlights a challenging fiscal period with a total revenue of AUD 98,549,696 and a net loss of AUD 4,021,327. The report notes a significant goodwill impairment and various operational costs leading to a decrease in net assets to AUD 69,916,264. Despite a decrease in profits, the company maintained substantial assets and continued to operate across multiple regions, predominantly in the Asia Pacific and North America. The financial activities included considerable finance costs and restructuring expenditures, reflecting a strategic focus on managing financial and operational challenges.
Key Points
  • COSOL Limited reported a total revenue of AUD 98,549,696 for the fiscal year ending 30 June 2026.
  • The company experienced a loss after income tax expense of AUD 4,021,327 during the same period.
  • EBITDA for the year was AUD 9,766,719, with significant expenses including goodwill impairment of AUD 11,000,000.
  • Total assets were valued at AUD 119,496,891 as of 30 June 2026, with cash or cash equivalents of AUD 5,300,285.
  • The company's total liabilities stood at AUD 49,580,627.
  • Net assets amounted to AUD 69,916,264, with issued capital of AUD 55,317,486.
  • Revenue was derived primarily from services in the Asia Pacific and North America regions.
  • COSOL Limited engaged in significant financial activities, including interest expenses and finance costs of AUD 1,910,319, and restructuring and acquisition costs of AUD 1,222,448.
  • The company undertook share-based payments and adjustments related to equity raising.
  • The financial report includes comprehensive income, noting a foreign currency translation loss of AUD 667,363.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.